KIN Foundation partners with app creators and game designers to provide a real-world economy to mobile gaming. Their first big partner is none other than Unity, the game development platform. They also excitedly announced their partnership with Simplex so that Kin is now available to be purchased directly through Kin.org.
Simplex is an EU-licensed financial institution providing fiat infrastructure for the cryptocurrency industry – with the goal of making cryptocurrency accessible for everyone. Simplex accepts many payment methods, including Visa, MasterCard, Apple Pay, SWIFT, SEPA, and more.
The Kin Website will buy modules provided by Simplex, making Kin more accessible for current community members and newcomers to the Kin ecosystem to acquire and spend on their favorite ecosystem applications. Won’t the partnership complicate matters? This article will check the KIN price prediction for 2022 and beyond.
Today’s live Kin price is $0.000012 USD with a 24-hour trading volume of $668,300. Kin is down 4.05% in the last 24 hours. The current CoinMarketCap ranking is #590, with a live market cap of $22,821,249. It has a circulating supply of 1,887,204,746,105 KIN coins and a max. supply of 10,000,000,000,000 KIN coins.
What is KIN?
KIN is an abbreviation for Kinship, and the aim was to reinforce bonds among the members of the Kik community. Its 2017 ICO raised close to $100 million. However, KIK Messenger was sold to MediaLab in 2019 to keep KIN going during a lawsuit between KIK and the US SEC.
The lawsuit has now been finalized, as reported on October 23rd, 2020. For the next three years, KIN must inform the SEC of every time it plans to sell digital assets. Currently, KIN holds a position of #267 in the crypto market and is currently undergoing recovery from the bearish trend due to the fall of Bitcoin.
KIN is compatible with several wallets like Kinwallet, Exodus, Citowise, and Infinito wallets. It is also listed in exchanges like HitBTC, IDEX, OTCBTC, and COSS and, therefore, one of a good investment.
How does the KIN Coin work?
With the recent partnership with Simplex, there’s a revised process:
Purchasing Kin is now as easy as a few steps and can be completed in a matter of minutes. Simplex transactions are fast & efficient, with a typical process timing of 10-30 minutes in regular circumstances. They also offer 24/7 customer support to answer questions and help with any technical issues users may encounter.
- Enter your Kin deposit address from your favorite Kin app or preferred wallet that supports the KIN SPL token along with the amount of KIN you would like to purchase.
- Enter your Debit or Credit (VISA & Mastercard accepted) payment information.
- Confirm payment and complete your purchase.
- You’re done – it’s that easy.
This coin works by giving rewards to creators that provide a great experience for users in connection to their engagement with Kin. A model for monetizing software that appealed to users was adopted for the new use cases and thus, created value for the cryptocurrency.
This KIN coin’s blockchain functions independently through a model of federated consensus. A maximum of 10 trillion KIN will ever be produced, and it was created in mass so that every user in the world can adopt KIN conveniently.
KIN allows game creators to embed crypto rewards in their various applications. This allows the game players to get the KIN token whenever they perform some tasks on the platform.
Players can also use these Kin tokens to purchase items within the game. Although this seems to be a norm already, the KIN token can be converted to cash and then withdrawn by players.
Additionally, those who are rewarded with tokens can use them in other games if they want. Creators of multiple games benefit more as they can promote their other games on the platform. Developers are not left out; they also get tokens when using the platform.
KIN Price History
When KIN was launched in September 2017, it made its creators close to $100 million in the first month. However, it received little attention after that, and its all-time high experienced in 2018 was when it was sold at $0.00122572 in January.
However, a KIN price rise was noted right after this event and helped maintain the price between $0.00000592 and $0.00000849. It plummeted at the beginning of 2020 once again when it experienced its all-time low of $0.00000239.
KIN was anticipated with enthusiasm and developed a positive push from the community, hitting an all-time high of $0.001225720000 on Jan 07, 2018 (over 4 years). Kin had an all-time low of $0.000002392015 on Jan 11, 2020 (over 2 years).
Considering the stupendous total supply of 10 trillion tokens, KIN would need to become a global reserve currency for it to reach $1 per token. Much lower figures like 1 or 10 cents are a steep climb, $1 per token is referred to by some analysts as “borderline lunacy.”
KIN Technical Analysis
The KIN price chart shows that the coin has recently seen price gains. However, the MACD line has crossed below the signal line, depicting the emergence of a bearish trajectory. If the bearish trend continues for longer, KIN could experience further price drops to $0.000011.
KIN Price Prediction by Authority Sites
According to Wallet Investor’s long-term price prediction, the value of KIN is expected to decrease by 79.83% in 2023, indicating the token is a poor long-term investment. However, there could be little market gains in the coming days, as Wallet Investor projects a KIN price of $0.0000123 in the coming days and weeks.
TradingBeasts predicts KIN to trade at an average price of $0.0000199 by December 2022, with maximum and minimum prices of $0.0000248 and $0.0000169, respectively. KIN will start 2023 with a bearish trend per predictions by TradingBeasts. The coin is expected to go as low as $0.0000168 by May 2023 before embarking on an uptrend till the end of the year, trading at an average price of $0.0000210.
TradingBeasts forecasts KIN to maintain a bullish run throughout 2024, closing the year with an average price of $0.0000257, a minimum value of $0.0000219, and a maximum market price of $0.0000322. By July 2025, KIN could have a minimum price of $0.0000243 and an average price of $0.0000286. TradingBeasts further expects KIN to end 2025 trading as high as $0.0000382, with minimum and mean market prices of $0.0000260 and $0.0000306, respectively.
According to Coincodex, KIN will attain a market price of $0.000012 in five days. The coin is also expected to see a 16% gain in the next month, hitting a price of $0.000014. On Coincodex, long-term price predictions are made by comparing tokens against technological development. Based on expected internet growth, Coincodex predicts KIN to trade at $0.000016 in 2023 and $0.000026 in 2025.
Likewise, if KIN trails the growth trajectory of large technology firms, for instance, Facebook, CoinCodex anticipates market values of $0.000027 and $0.000131 by 2023 and 2025, respectively.
|Year||Minimum Price ($)||Average Price ($)||Maximum Price ($)|
KIN Price Prediction 2022
Over the last month, the KIN market has been bullish, increasing by 7.69%. According to our predictions, the coin is expected to maintain its upward trend until 2022. We forecast a minimum price of $0.0000153, an average price of $0.0000162, and a maximum market value of $0.0000173. These prices could result from the ever-growing number of developers on Kin due to the compatibility range of the Kin Software Development Kit (SDK).
KIN Price Prediction 2023
By 2023, KIN is projected to trade as high as $0.0000207, with its minimum market price being $0.0000166. We also predict an average forecast price of $0.0000188. In March 2022, the Kin Foundation introduced “Kinetic” as a more efficient alternative for “Agora” as the primary endpoint for Kin SDKs. If they maintain this commitment to upgrading the Kin blockchain, it will draw more developers and could lead to increased valuation.
KIN Price Prediction 2024
According to our KIN price prediction for 2024, the coin is anticipated to hit a minimum price of $0.0000154. For that year, we forecast an average and maximum market value of $0.0000170 and $0.0000208, respectively.
KIN Price Prediction 2025
Our KIN price predictions for 2025 project a trading range of $0.0000215-$0.0000257, with an average price of $0.0000236. These prices could result from the continuous expansion of the Kin ecosystem, leading to increased KIN adoption.
KIN Price Prediction 2026
In 2026, we anticipate KIN to experience minor falls, with the coin trading as low as $0.0000202, with an average market price set at $0.0000222. The expected maximum price is $0.0000242. KIN is likely to experience these losses if investors need to move their money into stable assets.
KIN Price Prediction 2027
According to our price prediction for 2027, KIN will embark on an uptrend to attain an average trading price of $0.0000286 and a maximum price of $0.0000349. Investors could also expect a minimum price value of $0.0000240.
KIN Price Prediction 2028
By 2028, KIN is expected to have a price range of $0.0000365-$0.0000447, with an average market value of $0.0000419. If the Kin Foundation continues to provide developer-friendly tools like the KIN DApp Playground, Go SDK, Kin Rewards Engine (KRE), and more, the network will attract more developers, increasing KIN usage in the future.
KIN Price Prediction 2029
Our KIN price prediction expects the token to show a strong bull market in 2029. Investors could expect to rake in profits as the coin could reach a peak price of $0.0000522, an average value of $0.0000508, and a minimum price of $0.0000491.
KIN Price Prediction 2030
According to our KIN price forecast for 2030, KIN will have a minimum price of $0.0000554, potentially reaching a maximum value of $0.0000594. For that year, the expected average price is $0.0000575.
KIN Price Prediction 2031
By 2031, we forecast KIN to attain an average price of $0.0000655 and a minimum value of $0.0000615. Our prediction also indicates the token will have a maximum market value of $0.0000679, representing a 465.83% increase from the present market price. Therefore, $1000 in KIN today could be valued at $5,650 in 2031.
Kin blockchain is specially designed to facilitate a digital economy through large-scale micro-transactions. For the coming years, we predict its native token KIN to make significant gains, placing the asset as a good portfolio addition for long-term investment. This profitable market could occur due to the token’s continuous rise in adoption. For example, Kreechures, the first NFT project and P2E game on Solana, launched last week, is powered by the Kin blockchain.
With more innovations such as this, the future of KIN looks bright and promising. However, the price predictions above should not be considered investment advice. As an individual, you should do your own research and consult market professionals before making investment decisions.